Due to a continuous decline in global crude oil prices, a significant reduction in petroleum product prices in Pakistan is also being expected.
According to reports, expectations of a possible agreement between the United States and Iran have increased the likelihood of improved global oil supply, which has further strengthened the downward trend in oil prices.
In the international market, crude oil prices have recorded a decline of around 5%, while prices of US and Brent crude have also fallen to lower levels.
Experts say that if this trend continues, Pakistan could see a major reduction in petrol and diesel prices, potentially exceeding Rs. 100 per litre.
Reports also suggest that in the event of an agreement between Iran and the US, oil supply could increase further, which may push global prices even lower.
